Reliance Global Group Completes Acquisition of Oblivus, Marking Its Entry Into the AI Infrastructure Market
Globe Newswire•04/11/2026•08:30 ET
0
Key Highlights
- ➤Acquisition completed November 3, funded entirely with cash; Reliance remains debt-free
- ➤Oblivus generated approximately $1.5 million in revenue during the twelve months ended September 2026
- ➤Purchase price includes $3 million cash upfront and up to $750,000 in milestone payments
- ➤Reliance plans GPU Exchange branding and an eventual Nasdaq ticker change from EZRA to XGPU
- ➤Company targets substantial growth through expanded GPU capacity, customer acquisition and platform investment
Expert Statements
Ezra Beyman, Chairman and Chief Executive Officer of Reliance Global Group
“Oblivus gives us an established, revenue-generating platform to build on”
Ezra Beyman, Chairman and Chief Executive Officer of Reliance Global Group
“We intend to grow this business dramatically.”
Judah Korman, Chief Operating Officer of Reliance Global Group
“Our focus now is execution”
Judah Korman, Chief Operating Officer of Reliance Global Group
“We are expanding GPU capacity, growing the customer base and working to convert the opportunities in front of us into revenue.”
Judah Korman, Chief Operating Officer of Reliance Global Group
“GPU Exchange will bring these efforts together under one brand.”
Oblivus Provides On-Demand GPU Cloud Computing for AI Training and Inference and Operates a Proprietary GPU Marketplace
Company Plans to Scale Rapidly From Approximately $1.5 Million in Annual Revenue, With Discussions Underway on Additional Growth Opportunities
Get started
Create a free account to read the full story.